Thursday 23 Oct 2014

Stocks to watch out LogMeIn Inc (NASDAQ:LOGM), Newpark Resources Inc (NYSE:NR)

LogMeIn Inc (NASDAQ:LOGM) closed up by 21.33% to $21.67, with 2.10 million shares traded. The year to date performance of the company remained pessimistic with giving a loss of 3.30%, whereas the previous three months it lost around 7.67%. During the last six months the stock experienced an upward movement of 10.79%. The stock has surged to cross its 200 days moving average of $21.59. The stock is trading in an overbought zone as reflected from its RSI of 72.23 at the current levels. Over the past six months the insiders were net sellers represented by a 10.69% decline in their holdings, which is a bearing indication for the stock. The short float in the stock is around 8.21% on a total of 22.91 million share float in the stocks of the company which reflects a slight bearish feeling amongst the investors. At the current market price of $21.67 the total value of the company stands at $537.72 million, where the earning per share of the company is positive of $0.14.

Dougherty & Company a research firm upgraded the stock from “Neutral” to “Buy”. LogMeln was upgraded from “Neutral” to “Outperform” at Cowen.

Newpark Resources Inc (NYSE:NR) closed up by 16.00% to $9.93, with 2.83 million shares traded. The year to date performance of the company remained optimistic with giving a profit of 26.50%, whereas the previous three months it gained around 16.41%. During the last six months the stock experienced an upward movement of 52.07%. The stock has surged to cross its 50 days moving average of $8.92. The stock is trading in an overbought zone as reflected from its RSI of 67.11 at the current levels. Over the past six months the insiders were net buyesr represented by a 7.77% increase in their holdings, which is a bullish indication for the stock. The short float in the stock is around 9.09% on a total of 84.26 million share float in the stocks of the company which reflects a slight bearish feeling amongst the investors. At the current market price of $9.93 the total value of the company stands at $850.53 million, where the earning per share of the company is positive of $0.62.

The company reported its 1Q2013 results where revenue was posted to be $283 million a rise of 7.7% and net income raised by 11.1% to $17.4 million. The EPS was reported to be $0.18.

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